The festival, considered a prestigious event in the city's cultural calender, opened with "Ganesh Vandana" presented by eminent Bollywood actor and dancer Hema Malini.
In his inaugural speech, Munde lauded Kalmadi for conceiving the event.
Maharashtra minister Chhagan Bhujbal, who was expected to attend the event, failed to turn up.
Olympians Sushilkumar and Gagan Narang were felicitated on the occasion.